press conference, president obama defended the policies and tried to ensure americans that the economy will get better. at the same time, the president admitted that it's been painfully slow. on one major issue, extending the bush tax cuts and leaving the door opening and call it is a bad idea. >> i've got the republicans holding middle class tax relief hostage because they are insisting that we've got to give tax relief to millionaires. >> mike, what the president was saying there is, we can make a deal, if you will, by making middle class tax cuts, those who make $250,000 per year for a couple and deal with the wealthy later but he can't get to the republicans because they are holding the middle class people hostage. >> it's fascinating, tamron.